The company reported standalone net loss during the quarter stood at Rs 1.79 crore compared to net profit of Rs 1.38 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 19.92 per cent at Rs 9.77 crore in October-December quarter of this fiscal as against Rs 12.20 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.92 per cent to Rs 10.76 crore from Rs 10.86 crore in year ago period.

Other Income grew by 623.33 per cent at Rs 2.17 crore versus (Dec'19 Rs 0.30 crore).

Operating Profit slipped by 173.88 per cent to Rs -0.99 crore as against Rs 1.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 192.42 per cent in December quarter.